Now they are going to spend the next day preparing for their business, so you can review everything that you just went over and explain about the business they are going to run. Since they also had sessions about environment, we sold moringa seedling and for fun we also did jolly juice. They could use the information they learned about moringa during their environment session in their sales pitch, etc.

Day 3

Welcome back to biz

Review of Day 1:

What is a business?

Types of business?

What is marketing, why is it important? The types of marketing?

How did the businesses go? What did you do to sell your products? Did people buy them? Did you have fun?

Now we want to talk about how things went yesterday, and if you were able to make a profit on your business

What is income?

Any money that comes into a business

What is expense?

Any money that goes out of a business

How does money come in?

By producing and selling

By buying and selling

By providing a service

How does money go out?

Materials purchased

Money spent on services (electricity, transport, etc)

Wages to employees

Repair/replacement of materials/equipment

So lets look at our business:

What was being sold and at what price

What were the expenses

How much did we sell

So now that we know our income and expenses, we can figure out if the business was successful or not

How can you tell if your business is good?

Profit!

How can you tell if your business is bad?

Loss!

How do you figure out if you made a profit or ran at a loss?

Money in from sales minus money out for expenses = profit or loss

Is profit the same as income?

No. profit means your business receives more money from sales that you spend on expenses